Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-07-18

Vueai1i 10TH LIE support OIL u majority OF
the liberal members, as well as the
%uaionists, though nobody believes ha
will get II.
n. q. e CO.'S VIEW Or TRADE.
@
Prosperity nr the Country *. fseporfest
bv Tb.n,
y YORK, Jniy I'll 6. Dun &
Co. $ weekly review of trade will say: Elk
ports OF breadsfuffs. cotton animals aud
an;,aal 49,, I.
Az esio,suui ouao
were 3oS ooor ~ against 800 oos,224 for
the same month last year, Breadstuffs in
creased 81. 300. 600 md cattle S271 0oO.
cat+on d.ora.saa co mn ono, u.a..
s,ao1nno w tes,0oo, ptoNision
piou IVY and OIL S1la,uVV With other
exports as last year the aggregate for
June would be 500, 600, go against about
500, 0e0, o9e, making the excess of imports
for three months $40, 000, 600. Cotton
held above foreign markets accounts for
$50, GOO, 000. of this loss and recent fall
ures indicate that this speculation was
not wiser than the one in wheat.
Unloading OF those who bought wheat
after kershaw's failure has depressed
no. 2 received here to 50 &c, q fall of
over 4 cents for tie week and "a 1-2c
since June ~, with exports of 1873, 628,i
600 bushelszfor the past year. The stock
caflIs.Gffsyer includes Sd, 000, 900 Visible
supply 5, 000, 900 bushels In California,
and certainly 10, 600, 900 in farmers hands
besides all flour on hand-facts which es-
teblished the correctness of estimates
made months ago that the surplus would
exceed SO, 00O, 600 bushels.
In spite of railroad earnings which
gained 10 per cent in june, and encour
aging assurances by prominent men and
continued proof that the inter estate act is
not TO be SO construed by the courts as to
do all the harm apprehended prices OF
stocks have been lower. The market
depends, not upou values or earnings but
upon individual notions as to the aues-
ton whether the famous lives deal, is
merely undealt or a misdeal. 1t Is the
case OF a long row of bricks on end if
one banker calls q doubtful loan he fears
that II will cause ether calls and topping
over all along the line. So everybody
waits for the market and the markets
wait for long-promtsed .'settlements'' to
inaterialze. Why investors are not. buy,
Ing, statistics OF new buildings and real
estate sales may explain. If the country
has IN six months invested $400,u 900, o0o
in Kew buildings 800, 000, 900 more In
developing southern manufactures and
mines besides cost Of buildings and as
much more IN the rest Of the country and
$l0O, 000, 900 In new railroad building it
cannot have an unlimited SUM ready to
employ In lifting prices of securities.
The circulation of coin and paper out
side the treasury and the national banks
may be thus stated In millions: Coin,
July i, 1877, $463; paper $a3Ts, coin April
i 1887, $f79; paper 1887; coin July 4,
1880, $4of; paper 1886, of which tho
amounts not held by national banks were
$S76,000 goo coin and 1862, 900, 900 paper,
against 1888, 900, 600 coin aud $685., 600, 600
paper q year ago. But deposits in ma
tional banks serving the uses of currency
have increased $126, 000, 900 during the
year. The cash outside the treasury and
banks, with the deposits, amounted to
2,l42 millions a year ago, or $37. 10 per
capita, 4 now amounts to 2,126 mil.
lion, or $537. 10 per capita. Present prices
OF stocks, less assessments paid, are about
= per cent higher than q year ago; pork is
10 per cent higher; cotton is per cent
higher; coffee 50 per cent higher, pig iron
~ per cent higher; steel rails 10 per cent
higher; wheat 4 per cent lower; corn Z
per cent lower; oil 0 per cent lower and
beef 10 per cent lower.
From all interior points trade reports
are favorable considering the season and
collections fair. Money is a trife easier.
at Nashville, In good demand AT Glove
land and plenty at Kansas City and De-
troit. Unusual activity in tobacco is
neted at Cincinnati; where q syndicate Is
said to have bought {, 0o0, 600 pounds, g
laird OF Kentucky's sblue grass crop.
The coke strike does not end at Pitts
burg and iron is stronger; the western
nall makers are discussing the formation
OF 4 pool with results get unknown. The